Ethereum treasury company will go public through a $1.5 billion SPA deal.

DailyNews

2025-07-22 00:34:03

ETH2,53%

According to a report by Jinse Finance and Bloomberg, the Ethereum treasury company has agreed to go public through a merger with a special purpose acquisition company (SPAC), with the deal receiving over $1.5 billion in Crypto Assets and stock financing support. According to a statement released on Monday, the merged company Ether Machine Inc. will be supported by 169,984 Ether provided by one of the co-founders and will receive over $800 million in stock financing. In addition, up to $170 million in cash from the trust account of the merging party Dynamix Corp. will also be included in the transaction.

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